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Popular Myths and Facts About Two Wheeler Insurance

Written by Sharad Bajaj
Updated On Nov 07, 20202 min read

Want to look at myths and facts about two-wheeler insurance? In the process of understanding these different factors, people may come across different ideas and beliefs about two-wheeler insurance that generally come out to be false.

There are a number of factors that play a crucial role in the determination of the amount of premium of a two-wheeler insurance policy. Some factors remain the same across all insurance providers but some differ across insurance providers. However, in the process of understanding these different factors people may come across different ideas and beliefs about two-wheeler insurance that generally come out to be false.

In this article we have tried to uncover some of the popular beliefs that are not true and can help the readers to differentiate between the facts and myths.

Misconception About Two-wheeler insurance

The followings are a few misconceptions about two-wheeler insurance, let’s have a look at them:

1. The private insurance policy covers both personal and commercial use of a bike

Truth: It is not true that the private insurance policy covers both personal and commercial use of two-wheelers. Private two-wheeler insurance covers only personal use and not commercial use. If the bike is used for commercial purposes the owner needs to have a passenger carrying vehicle insurance or good carrying vehicle insurance.

2. The pillion rider is also covered under the same insurance policy

Truth: Pillion Rider are not covered under the same insurance policy. Co-passengers are not automatically covered under the same bike insurance policy which means that if, unfortunately, a bike meets with an accident the pillion rider will not be able to claim for the expenses spent on hospitalization due to bodily injury. On the other hand by opting for a personal accident add on this issue can be resolved easily.

Also know: Passenger Cover

3. Bike insurance depends on the credit score

Truth: The bike insurance premium does not depend on credit score. Most of the bike owners feel that if they will maintain a good credit score that will help them in bringing down the premium on their insurance policy. However this is not the truth. The bike insurance premium is calculated by considering different variables like model of car, IDV, voluntary access, city/location, etc., out of which a good credit score is generally not a criteria. So even the owners with not a very good credit score also manage to get a good bike insurance premium even after scoring heavily on other variables.

4. Bike insurance can be cancelled anytime as per the requirement of the policy holder

Truth: Yes but with certain conditions. Many people believe that a bike insurance policy can be cancelled anytime. To some extent it is true but it holds certain conditions which the policyholder should be aware of. The policyholder cannot file a claim 30 days prior to the expiry date. For the cancellation of bike insurance policy the policyholder may have to pay some additional cancellation fees or charges. Also it needs to be noted that if the policyholder does not have an active or valid insurance they cannot write their bike on the road.


Above mentioned were some of the common myths in the minds of two-wheelers. The article tried to clear the false information about buying a two wheeler insurance policy.

Types of Bike Insurance You Should Know:

Third Party Two Wheeler Insurance

Comprehensive Two Wheeler Insurance Policy

You May Also Like To Read:

Why Should You Buy A Bike Insurance Policy

Facts About Two-Wheeler Insurance You Should Know

Things To Do If You Have Lost Your Two-wheeler Insurance Documents

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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Written by Sharad Bajaj
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 Sharad is an insurance industry veteran who has managed motor insurance products for over a decade. He helped set up and scale the motor insurance vertical for a leading insurance company in his previous stint. In his spare time, Sharad likes to read and be in tune with nature.

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